Looking from the front of the car, under the bonnet, its located under the plastic cover next to the servo on the left (drivers side uk) and fits against the lefthand bulkhead. When i removed mine no oil was present. If you change the magnet yourself it can be a right whatsit as the thermostat housing stops it coming off, so you have to take out the front plug in the magnet first and remove the centre bolt. Let me know if you need more detailed info if you decide to change the magnet yourself.